General
Queensland budget 2020: State’s debt levels to hit $130 billion within four years
Queensland’s debt levels will balloon to almost $130 billion within four years, but the Palaszczuk Government maintains that will still be lower than New South Wales and Victoria.
Key points:
- Concern trade tensions with China will impact Queensland bottom line
- Annastacia Palaszczuk said the relationship with China was a national issue that would be raised at National Cabinet
- The Treasurer said revenue was set to plunge $12.3 billion lower than what was predicted at last December’s fiscal economic update
Delivering his first budget, after it was delayed by the coronavirus pandemic, Treasurer Cameron Dick said COVID-19 had dealt a hammer blow, confirming the state was staring down four years of deficits.
“The budget is in deficit because it is…
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